Earlier Rumors that Sony Pictures and YouTube were negotiating to provide a large number of free, ad-supported movies on the video upload site were confirmed today by the movie giant.

Bloomberg says that Sony would be the first studio to support a wide launch of full length films on a video service such as YouTube. They currently offer 60 movies on Crackle, while MGM offers a small number of films on YouTube along with Hulu's selection of ad-supported flicks. And logically, Electronista thinks that most the initial films will be older ones, which would make total sense. [Bloomberg via Electronista]